IDS World Markets Fri 29th January 10

[aussiebear]

 

 

Found in Korea

(Large text on mug says “Happy Wildness Men”)

[aussiebear]

 

 

 

 

 

 

 

 

 

http://finance.yahoo.com/intlindices?e=asia

[aussiebear]

 

 

http://money.cnn.com/markets/morning_call/

 

 

 

 

 

 

 

http://www.kitco.com

 

 

 

http://www.kitconet.com/webcharts/base_metals.html

 

Energy futures

[aussiebear]

 

 

Another day for the bearz. All Ords -1.4% with Miners/Materials leading the selloff, both -2.1% with Financials next, -1.5%. No green sectors but Healthcare -0.1% and Utilities -0.2% are least affected.

[aussiebear]

 

 

Well, ouch! Looking like a capitulation day plus we landed on some reasonable support so possibly a bounce next Mon.

 

All Ords dropped -2.1% with heavy losses across most sectors. Miners took a beating, -3.5% along with Materials -3.4% and Gold -2.6%. The only green sector was Utilities +0.2%.

 

Asia in the red apart from China +0.4%. Of the others, Honkers -0.8%, India -1.1% and Nikkers -1.5%. Sth Korea is getting the worst hammering, -2.6%.

 

 

On to UK/Europe:

 

Footsie

 

 

 

DAX

 

 

 

CAC 40

 

[Pretzel Logic]

I'm guessing that the Australian alphabet lacks the letter Z?

 

Finding two Z-words that work together is tough, but here's a few suggestions for next time:

 

Zooming Zigzags

Zany Zaitech

Zesty Z-axises

Zoetic Zeros

Zealous Zombies

[FranciscoTheMan]

and of course,

 

Zouchy Zouches

[Drano]

Zippy Zillions?

 

Zilch Zone?

 

Zesty Zarathustrians?

 

Zero-sum Zealots?

 

Too bad we weren't up to the I's. We coulda had iPad Idiots. Or perhaps appropriately today coulda been Amazon A**h****s

[alceringa]

It should be the "Ozzie alphabet lacks the letter Z."

 

For that spelling error, PrtzlLogic gets a Zillion Zacks. :o

[Drano]

It should be the "Ozzie alphabet lacks the letter Z."

 

For that spelling error, PrtzlLogic gets a Zillion Zacks. :o

Maybe Prtzl had Australian Aphasia.

[aussiebear]

Well thanks for all those suggestions but I have used quite a few of them before so I thought "move on"...

 

[aussiebear]

More Australians Struggle With Mortgage Payments

 

Jan. 29 (Bloomberg) -- A rising number of Australians are struggling to make their mortgage payments as increasing property prices and interest rates take a bigger chunk out of homeowners’ incomes, a mortgage brokers’ association said.

 

About 16 percent of property owners struggled to repay home loans in November, up from 11.7 percent in May, the Mortgage Finance Association of Australia said in an e-mailed press release, citing the MFAA/Bankwest Home Finance Index, which surveyed 850 people across Australia.

[Drano]

AAPL's new product is rumored to be the iPuke. It is a Kindle-like internet reader that only finds stories guaranteed to make you vomit. Here is its first choice:

 

Mr. Paulson, a Christian Scientist, said his faith helped him through the crisis. During the weekend of Lehman's collapse, he called his wife, Wendy, and told her, "I am really scared." She said he shouldn't be afraid, that his "job is to reflect God, Infinite Mind, and you can rely on Him."

 

http://www.businessinsider.com/paulson-it-...collapse-2010-1

[aussiebear]

Indian Economy Grew 6.7% in Year Through March 2009

 

Jan. 29 (Bloomberg) -- India’s economy grew 6.7 percent in the fiscal year through March 2009, the Central Statistical Organisation said in New Delhi today, keeping its earlier forecast unchanged.

 

The statistics agency changed the base year it uses to calculate the data to 2004-2005 from 1999-2000. The economy grew 9.2 percent in the year to March 2008, according to the new calculations, compared with an earlier estimate of 9 percent, the agency said.

[aussiebear]

Japan Factory Production Rises, Unemployment Falls

 

Jan. 29 (Bloomberg) -- Japan’s industrial production rose and unemployment fell in December, driven by a rebound in exports that’s now threatened by an appreciating currency.

 

Factory output increased 2.2 percent from the previous month, less than economists had projected, Trade Ministry figures showed today in Tokyo. The unemployment rate dropped to 5.1 percent from 5.2 percent, according to a separate release.